SIE Practice Exam

Welcome to SIE Practice Exam, a free website that is focused on helping you prepare for the Securities Industry Essentials Exam. We offer two online practice tests that include answers and detailed explanations. Choose a practice test from the list below and get started on your SIE test prep right now!

SIE Practice Exam 1

SIE Practice Exam 2

 

SIE Exam

The SIE, or Securities Industry Essentials Exam, is an exam created by FINRA to test the abilities of prospective securities industry professionals. This entry-level exam is made up of 75 multiple-choice questions, takes 1 hour and 45 minutes to complete, and costs $60 to take.

Anyone 18 years and older, regardless of firm association or lack thereof, can take the SIE. The exam results are valid for 4 years, and passing is one of the two key steps in becoming registered to engage in securities business; you will also need to pass a qualification exam for the business you plan to engage in.

The SIE is consists of the following sections:

  1. Knowledge of Capital Markets — 16% of the exam
  2. Understanding Products and Their Risks — 44% of the exam
  3. Understanding Trading, Customer Accounts, and Prohibited Activities — 31% of the exam
  4. Overview of Regulatory Framework — 9% of the exam.

To earn the passing score of 70, you need a lot of studying and preparation under your belt. Start with our 2 practice exams now!